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Today's big stories

The US Federal Reserve didn’t tweak its economic support program despite record-high inflation
If you're wondering what to invest in next, three top investors have revealed a few investing ideas you might want to try – Read Now
Shares of investor favorites Oracle and Roblox tumbled after both reported disappointing earnings updates

Lazy Days

What’s Going On Here?

The US Federal Reserve (Fed) said on Wednesday that it wouldn’t tweak its interest rates or economic support program, and it’s quite happy doing nothing – but only until 2023.

What Does This Mean?

It came as no surprise that the Fed didn’t change its short-term policies, even if US inflation has been at record highs for a couple of months. The central bank, after all, thinks this is just a blip: inflation rates compare recent prices to those from the year before, so of course they’re going to look high next to last year’s pandemic-battered environment. And since the Fed reckons things will go back to normal of their own accord, it’s in no hurry to slow those price rises down by hiking interest rates. Besides, its other key measure of US economic health – employment – suggests now’s not the time to withdraw economic support: the country’s still around 7.6 million jobs short of where it was before the pandemic arrived.

Why Should I Care?

For you personally: Watch out for the signs.
There are a couple of other indicators you can use to stay one step ahead of central bank decisions. First, bond yields, which rise if investors think inflation is high enough to force up interest rates. Second, wages: higher wages suggest, all else equal, consumers have more cash to spend, which might then push prices higher. At the moment, neither of those measures are showing much sign of an uptick – but by 2023, the Fed reckons, some of them might, which is sooner than most investors expected.

The bigger picture: The UK looks at the bigger picture.
As for the UK, fresh data out on Wednesday showed inflation in May came in much higher than expected – up 2.1% from the same time last year, compared to economists’ predicted 1.8%. But no one actually seemed to mind: that 2.1% is only slightly higher than the UK central bank’s long-running target, and it’s not exactly the 5% the US is wrestling with.

You might also like: Here’s what investors might be getting wrong about inflation.

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2. Analyst Take

Three Investing Ideas From Three Top Investors

What’s going on here?

Cheap-looking “value” stocks have been having a moment recently, sure, but their time in the sun might be over.

After all, growth stocks – those investor go-tos – are already starting to outperform them again.

But there are still opportunities in value stocks. You just need to know where to look.

… like, say, where the world’s top investors are looking.

That’s today’s Insight: three investing ideas from three top investors, and how to put their advice into action.

Read or listen to the Insight here

Not today, inflation

No one knows exactly how inflation is going to shake out, but it’s making stock investors edgy.

And if it’s making you edgy, it’s a good time to start diversifying into alternative markets. And as luck would have it, CrowdStreet has an excellent opportunity.

With CrowdStreet, you’ll get access to a constant flow of real estate investments – from individual deals, investment funds, and tailored portfolios.

“But I don’t know anything about the real estate market!” we hear you cry.

Well, it’s a good thing CrowdStreet’s put together a Definitive Guide To Real Estate Investing, laying out its predictions for the year, the best places to invest, and much more besides.

And with nearly 500 deals behind them, they’re the biggest online real estate platform out there. That is definitive.

Get The Guide